The world of business is rapidly changing with new challenges daily presenting themselves for organizations to overcome. Companies face evolving stakeholder needs, uncertain economic conditions, increased regulations, and other unforeseen circumstances, such as a global pandemic. In fact, we are living in one of the most disruptive periods of tech evolution since the Internet first entered the scene decades ago. This interesting topic came to us from Science in their article, “Leveraging technology to address current and future world issues.”
Companies adopting emerging technologies such as artificial intelligence (AI) hope to benefit from the competitive advantages provided by these technologies. Cost savings and heightened revenues are made possible, for example, through increased efficiency and enhanced customer products and experiences, all of which are made possible through the deployment of emerging technologies.
Emerging technologies are both integral to the present and significant drivers of the future. AI, virtual reality, augmented reality, and blockchain have all evolved to find their niche applications. Each technology is maturing while overcoming challenges.
Even as most of the world talks about disruption in terms of mobility, consensus, and connectivity, technologists are focused on the emerging innovations that will shape what’s next.
Most organizations have little knowledge regarding how AI systems make decisions or how the results are applied. Explainable AI allows users to comprehend and trust the results and output created by machine learning algorithms.
Melody K. Smith
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